Transcribed

China : Growth in exports by destination, 2012

3.9.9 Inflation % 5-year moving average 6- 4_ 2- 0_ -2- 2008 2009 2010 2011 2012 2013 2014 Forecast Sources: National Bureau of Statistics, People's Republic of China. http://www.stats.gov.cn/english/ (accessed 4 February 2013); ADB estimates. 3.9.10 Growth in exports by destination, 2012 Hong Kong, Chinai ASEAN United States Japan! European Union! -10 10 20 30 ASEAN = Association of Southeast Asian Nations. Source: CEIC Data Company (accessed 14 March 2013). 3.9.1 Selected economic indicators (%) 2013 2014 GDP growth 8.2 8.0 Inflation 3.2 3.5 Current account balance 2.5 2.1 (share of GDP) Source: ADB estimates. 3.9.9 Inflation % 5-year moving average 6- 4_ 2- 0_ -2- 2008 2009 2010 2011 2012 2013 2014 Forecast Sources: National Bureau of Statistics, People's Republic of China. http://www.stats.gov.cn/english/ (accessed 4 February 2013); ADB estimates. 3.9.10 Growth in exports by destination, 2012 Hong Kong, Chinai ASEAN United States Japan! European Union! -10 10 20 30 ASEAN = Association of Southeast Asian Nations. Source: CEIC Data Company (accessed 14 March 2013). 3.9.1 Selected economic indicators (%) 2013 2014 GDP growth 8.2 8.0 Inflation 3.2 3.5 Current account balance 2.5 2.1 (share of GDP) Source: ADB estimates.

China : Growth in exports by destination, 2012

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Asian Development Outlook 2013 : China - Stable commodity prices will contain inflationary pressures in 2013, leaving the CPI up 3.2% on average, slightly below the government target of 3.5%. How... ever, higher labor costs and likely rises in food prices can be expected to drive the CPI up to 3.5% in 2014 (Figure 3.9.9). The outlook is subject to several downside risks. First, in 2013 the economy will remain vulnerable to the sluggish global recovery, which could exacerbate weakness in external demand and hamper exports and employment. The main risk stems from the fragile economic outlook in the European Union, the PRC’s largest trading partner and the only major market to which PRC exports shrank in 2012 (Figure 3.9.10). Second, weather-induced food-price volatility, higher labor costs arising from tight market conditions, and planned measures to liberalize administered prices for utilities may generate inflationary pressures, albeit within government targets. ASEAN = Association of Southeast Asian Nations. Source: CEIC Data Company (accessed 14 March 2013 http://www.aseansec.org/

China : Growth in exports by destination, 2012

China : Growth in exports by destination, 2012

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